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probability question, not easy

May 1st, 2011 at 2:34:24 AM permalink
andreic555
Member since: May 1, 2011
Threads: 1
Posts: 2
Hello to everyone. I want to find a solution to the following general problem:

Given a random event has a probability of 1/n, how many trials are required so that the actual frequency of the event to be 1/n +/-ERROR.
Let's say EROR to be 5%. I know that in n trials the probability of occuring at least once is 1-1/e, but this doesn't help me.


Thanks,
Andrei
May 1st, 2011 at 2:44:30 AM permalink
Jufo81
Member since: May 23, 2010
Threads: 2
Posts: 243
Quote: andreic555
Hello to everyone. I want to find a solution to the following general problem:

Given a random event has a probability of 1/n, how many trials are required so that the actual frequency of the event to be 1/n +/-ERROR.
Let's say EROR to be 5%. I know that in n trials the probability of occuring at least once is 1-1/e, but this doesn't help me.



You can only calculate the number of trials required for the actual frequency to be 1/n +/- ERROR with certain probability (which is always <100% unless number of trials is infinite), so you could ask for example:

Given an event with probability of 1/n, how many trials are required for the actual frequency to be 1/n +/- 5% with 95% probability?
May 1st, 2011 at 5:28:41 AM permalink
andreic555
Member since: May 1, 2011
Threads: 1
Posts: 2
You reformulated the question well. This is what I want to calculate. But i don't know how.

Of course the probability of the frequency to reach the desired interval is always less than 1.

Thanks.

 

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